The strategy involves using the HELOC for a flip to generate fast cash, reinvesting profits into long-term rentals, or exploring alternative ventures like short-term rentals or partnerships.

This would be either through hard money, partnerships, or some other creative finance.

In the end, the weekend after the fed announced the first interest rate drop, we had an open house that had more traffic than our opening weekend 3 months earlier. we received a full-price offer for the house and closed in early November. obviously I have no way of knowing if the interest rate drop was a trigger, but nothing else changed in the market at that time. just wanted to share in case others are curious. appreciate all the thought partnership!

You might explore partnerships where you fund all-cash deals in exchange for a portion of the profit.

They are just partnerships with local teams and the true beneficiaries here are FS and the teams at your expense.

Normally, it's offered to the other partners first and they can either both buy it to equalize the partnership or maybe one can buy it to take percentage ownership.I think you could handle this through a real estate attorney easily.

We are considering doing a 50/50 partnership where he will provide the management/operations and I would provide the down payment.

Not normally, although technically it might be the same ownership companies don't like to combine the personal, LLC, partnerships etc.

@Sequoiah BriseñoCalifornia multifamily sale and 1031 exchange purchases mandate landlords or property owners to issue 1099s for payments of $600 or more to a sole proprietor, LLC, or partnership, and request a W-9 from each vendor by January 31.Good Luck!

Looking for some advice on how to structure my first partnership.